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Jul 26, 2011
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and it includes savings from winding down wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know some republicans will quibble over these savings, but they have no legs to stand on. the wars are the second biggest policy driver of our deficits after the bush tax cuts. if conducting the war's adds to our debt, it is undeniable that winding down the wars deliver savings. the administration tells us with the wind down in iraq and afghanistan, they can prosecute the war is on about $630 billion over the next decade. the cbo assumes $1.67 trillion on more funding through 2021. by adopting the lower administration number, we can save over $1 trillion. we know the republicans agree with this math, because they included the exact same savings in the paul ryan budget that passed the house. they never criticized such accounting then. it is hard to see how they could do so now. last, senator reid's proposal allows for a joint committee that has the potential to achieve even deeper savings down the road. all in all, this is
and it includes savings from winding down wars in iraq and afghanistan. these are real savings that cbo scores at about $1 trillion. we know some republicans will quibble over these savings, but they have no legs to stand on. the wars are the second biggest policy driver of our deficits after the bush tax cuts. if conducting the war's adds to our debt, it is undeniable that winding down the wars deliver savings. the administration tells us with the wind down in iraq and afghanistan, they can...
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Jul 28, 2011
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first of all, the savings gleaned by winding down the borders and afghanistan -- te borders and afghanistan -- te war -- the wars in afghanistan, social e -- to slash security benefits or education spending. you would then count that as a savings. paul ryan, when he submitted his budget -- this is the result. any policy decision you make is a choice of how much money to spend, and that is what these decisions are. are we going to save $1 trillion because of the policy decisions of this president? i would say yes, and i encourage you to write and talk about it. they are good decisions for fiscal health. they are legitimate. they're part of any serious they're part of any serious bipartisan compromise . we have identified, in great detail, significant spending cuts in domestic spending cuts. extraordinarily difficult savings and entitlement programs that we would be willing, the president would be willing to make a case to his own party in the name of accomplishing something very big. it would fix this problem for a long time and put us on sound economic footing in the twenty first century. t
first of all, the savings gleaned by winding down the borders and afghanistan -- te borders and afghanistan -- te war -- the wars in afghanistan, social e -- to slash security benefits or education spending. you would then count that as a savings. paul ryan, when he submitted his budget -- this is the result. any policy decision you make is a choice of how much money to spend, and that is what these decisions are. are we going to save $1 trillion because of the policy decisions of this...
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Jul 27, 2011
07/11
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the ryan budget contained a $1 trillion in savings winding down the wars in iraq and afghanistan. majority leader kantor acknowledged the ryan budget counted toward deficit reduction. drawing down the troops would save more than $1 trillion over 10 years. we have given them everything they asked for. $2.70 trillion, dollar for dollar, there is no revenue. [unintelligible] in my caucus, somebody had an ipad and they read it today. the rating agencies are very nervous. there was a congressional hearing today. i do not have that, but the person testifying today said the one thing the markets demand is starting tond debate this thing again in a few weeks is not a certainty. [unintelligible] excellent question. we tried our best to have a trigger with some of the stuff that president obama worked on with republicans. they worked on the trigger. they could never get there because it would be so unfair if the committee did not arrive at a positive conclusion that the trigger would be all costs. that is really unfair. we cannot get from here to there after having already put to put $7 tri
the ryan budget contained a $1 trillion in savings winding down the wars in iraq and afghanistan. majority leader kantor acknowledged the ryan budget counted toward deficit reduction. drawing down the troops would save more than $1 trillion over 10 years. we have given them everything they asked for. $2.70 trillion, dollar for dollar, there is no revenue. [unintelligible] in my caucus, somebody had an ipad and they read it today. the rating agencies are very nervous. there was a congressional...
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Jul 9, 2011
07/11
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to pay for the deficits caused principally by the bush tax cuts and two unpaid for wars in iraq and afghanistan. >> thank you very much. >> coming up tonight on c-span, a house hearing on potential changes to social security. british prime minister david cameron holds a news briefing to address the news of the world on banking scandal. later, a house hearing on limits to oil and gas exploration on federal lands. >> on tomorrow's "washington journal," a look at the latest employment figures with neil urban. we will discuss the british phone hacking scandal. also, associate editor of the hill, in swanson, on the pending free-trade agreement with south korea. washington journal" begins live at 7:00 a.m. eastern on c-span. now available, a complete guide to the first session of the 112 congress. new and returning house and senate members with contact information, including twitter addresses, district maps, and committee assignments, and information on the white house, supreme court justices, and congress. >> the house ways and means subcommittee on social security held a hearing today on proposed c
to pay for the deficits caused principally by the bush tax cuts and two unpaid for wars in iraq and afghanistan. >> thank you very much. >> coming up tonight on c-span, a house hearing on potential changes to social security. british prime minister david cameron holds a news briefing to address the news of the world on banking scandal. later, a house hearing on limits to oil and gas exploration on federal lands. >> on tomorrow's "washington journal," a look at the...
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Jul 12, 2011
07/11
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i would like to see some cost- benefit analysis on infrastructure and afghanistan at some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis and the terrible lost revenue in jobs and tomorrow -- that is the cost. i noticed that alice sloan has come out with a reanalysis that will be printed in "fortune" about how much money we have made over the intervention. the combination of the tarp. his calculations are it made a hundred billion dollars for the federal government. >> there has been sent criticism of a not driving more clarity at this point. i wanted to be your view on that. just as it related question, he talked about bailouts being over. if citigroup were to go out and finds, are we to believe there would not be a bailout again? >> first of all, i will not comment on any specific financial institution. none of us have any reason to belize city is in danger. you have -- my first couple of weeks, i talk like a normal person. here i am affecting the market. obviously, i do not talk about citigr
i would like to see some cost- benefit analysis on infrastructure and afghanistan at some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis and the terrible lost revenue in jobs and tomorrow -- that is the cost. i noticed that alice sloan has come out with a reanalysis that will be printed in "fortune" about how much money we have made over the intervention. the combination of the tarp. his...
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Jul 29, 2011
07/11
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it says that, imagine that we're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a better idea. our debt is $14 trillion. let's come up with a new plan to spend $14 trillion, then rescind it the next day and let's save $14 trillion. this stuff is fiscal fantasy. you can't make this stuff up, mr. speaker. suggesting that we're going to be in a war at these levels for 10 more years when everybody knows we've already decided not to do that, that does not get us $1.3 trillion in spending cuts. only in washington can you add up math like that. we need real spending cuts. i yield myself an additional minute to say, this is getting serious, mr. speaker. very serious. we can't
it says that, imagine that we're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a...